Sen. Sherrod Brown (D., Ohio) is asking college graduates, students, and their families to share their student loan stories with him via a new Web site, so he can tell the tales on the Senate floor as the nation’s leaders debate whether to allow the interest rate on some federal loans to double.
Unless Congress votes to avoid it, the rate on new Subsidized Stafford Loans, used by more than 360,000 low-income and moderate-income college students in Ohio, will double on July 1. The rate would increase from 3.4 percent to 6.8 percent on new loans taken out after July 1.
The new Web site is brown.senate.gov/ CollegeLoanStories.
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